On 8 May 2024, Wanco Enterprises issued a transfer notice to publicly sell trade marks in Nanshan District, Shenzhen, including land use rights, above-ground buildings and annexes. The trade mark has a land use period of 30 years with approximately 23 years and 7 months remaining. Commercial service sites and road sites are planned. After the transaction is completed, 70% of the building area is self-sustaining and 30% is saleable. On May 27, 2024, a joint bidder consisting of 100K Investment and Deep Iron Group bid for the item for RMB22.35 million and signed a transfer contract and transaction confirmation letter with the company. The transaction is expected to have an impact of about RMB17.85 million on the current losses of Vancco enterprises, but will enhance the company's liquidity and focus on its core business. The connected transaction has been approved by the Board of Directors and is in compliance with market principles and relevant laws and regulations.

On 8 May 2024, Wanco Enterprises issued a transfer notice to publicly sell trade marks in Nanshan District, Shenzhen, including land use rights, above-ground buildings and annexes. The trade mark has a land use period of 30 years with approximately 23 years and 7 months remaining. Commercial service sites and road sites are planned. After the transaction is completed, 70% of the building area is self-sustaining and 30% is saleable. On May 27, 2024, a joint bidder consisting of 100K Investment and Deep Iron Group bid for the item for RMB22.35 million and signed a transfer contract and transaction confirmation letter with the company. The transaction is expected to have an impact of about RMB17.85 million on the current losses of Vancco enterprises, but will enhance the company's liquidity and focus on its core business. The connected transaction has been approved by the Board of Directors and is in compliance with market principles and relevant laws and regulations.